Tata Steel, Tata Motors, JSW Steel, and Bajaj Finserv were the top Sensex gainers, rising 2-4%. Bajaj Finance, Asian Paints, ITC, Nestle India and TCs also closed higher, while M&M, Reliance Industries, Axis Bank, and ICICI Bank closed lower.

From the Sensex pack, Kotak Bank, Bharti Airtel, and Axis Bank were the top gainers, rising over 2% each. Sun Pharma, M&M, and HCL Tech also closed higher, while UltraTech Cement, NTPC, Maruti, JSW Steel, and Power Grid closed in the red.

The indices were dragged by the Bajaj twins and IT stocks today. IT companies earn a major share of their revenue from the US. Investors are cautious and are waiting for clues on rate hikes. Fed Chair Jerome Powell's congressional testimony and key labor market data are also due later in the week.

Small, mid, and microcap indices saw a sell-off and fell around 2% each after Sebi asked fund houses to put in a policy to protect investors from first mover advantage of redeeming investors.

Out of 15 Nifty sectoral indices, 9 settled with a positive bias led by Nifty Realty, which was up over 1%. Nifty IT also led the way with TCS on top. Nifty Auto closed with gains of 0.71%.

Paytm closed 2% lower after another Paytm bull slashed the target price. While maintaining a neutral rating on Paytm, Goldman Sachs has lowered the target price to Rs 450 from Rs 860 earlier.

Top Sensex losers were NTPC, PowerGrid, and Wipro, each falling over 2%. On the positive side, Tata Steel, SBI, IndusInd Bank, and JSW Steel closed higher.

Power Grid, HDFC Bank, Axis Bank, NTPC, and Kotak Bank were the top Sensex gainers, rising 2-4%. Today's losers were TCS, JSW Steel, HCL Tech, Bajaj Finserv, and Maruti Suzuki.

Today's gainers were Bajaj Finserv, Bharti Airtel, ICICI Bank, Bajaj Finance, Sun Pharma, and Maruti closed higher, while L&T, Wipro, TCS, Tata Motors, and Axis Bank closed lower on the Sensex.

Indian markets closed in the green today led by auto, banking, and IT Stocks. - Sensex rose 376 points and settled at 72,426. Nifty gained 130 points to end at 22,040. Both the benchmarks have added about 1.2% so far this week.